Demenko K. Organizational and legal bases for the implementation of currency policy as a means of ensuring the financial security of the state

Українська версія

Thesis for the degree of Doctor of Philosophy (PhD)

State registration number

0823U100843

Applicant for

Specialization

  • 081 - Право

10-11-2023

Specialized Academic Board

2090

Sumy State University

Essay

The thesis contains a comprehensive study of the essence and peculiarities of the organizational and legal bases for the implementation of currency policy as a means of ensuring the financial security of the state. There are scientifically substantiated and developed proposals for improving the currency legislation of Ukraine in terms of ensuring the financial security of the state. It is proposed to consider economic security as the result of purposeful and scientifically based activities of the state, represented by authorized authorities that act on the basis of current legislation, which develop into a state of the economy that can ensure the resilience of the country and the stability of the functioning of its mechanism to external and internal threats and purposeful acts of other states aimed at its destabilization and economic weakening. It has been found that the financial security of the state includes a number of components, among which there is currency security, which should be considered as a state of exchange rate formation mechanism, which is characterized by high public confidence in the national currency unit, its stability, creates optimal conditions for the progressive development of the domestic economy, attraction of foreign investments into the country, integration of Ukraine into the world economic system. It has been proved that the organizational and legal support of the financial security of the state is the implemented, on the basis of the current legislation of the state, activity of the created system of bodies authorized by the state in the field of financial security of the state to streamline public relations through legal norms, regulations and a set of means of streamlining, as well as their legal confirmation, protection, implementation, and development. It has been found that the currency policy of the state is the activity of bodies authorized by it for the implementation of a set of economic, legal and organizational measures through certain tools in the field of currency and financial relations to achieve certain tactical and strategic goals of the general economic policy of the state in the field of currency relations. It has been established that the organizational and legal bases for the implementation of the currency policy of the state is its activity to create and streamline the system of authorized bodies for the implementation of its tasks and functions. These include: a) principles of organization and activities of authorized bodies in the field of regulation of currency relations; b) methods of implementing the currency policy, which are used by the authorized bodies in the field of regulation of currency relations; c) tools used by the authorized bodies to achieve the goals and objectives of the currency policy. According to the results of the study, it has been ascertained that the current state of the management system of the currency field of Ukraine is not integrative. Powers in the regulation of currency relations are dispersed among various bodies, leading to the blurring of the activity itself, and as a result, failure to achieve the goals set in the currency policy. For faster acquisition of the integrity property by the public administration system in the field of currency regulation, it is proposed to increase the synchronization of the activities of the National Bank with other executive authorities, as well as parties to currency relations subordinate to it. It is proposed to classify the communications of the National Bank of Ukraine into horizontal and vertical ones in the management system according to the criterion of administrative and organizational interaction. Horizontal communication occurs between the National Bank and parties to currency relations that are not subordinate to it. Vertical communication is embodied in the accountability of the National Bank to the Verkhovna Rada of Ukraine within the limits of constitutional powers and to the President of Ukraine. The content of such communication includes, among other things, issues of the state of currency policy and the state of security. To ensure the effectiveness of the implementation process and high results of the introduction of currency policy in the territories and regions subject to restoration, it is proposed, at the legislative level, to provide for the introduction of tax holidays, as well as to simplify the administrative procedure for involving business entities in investment activities, possibly up to the establishment of registration of investments without prior arrangement.

Research papers

Деменко К. Е. Щодо поняття «економічна безпека держави» як політико-правової категорії. Наукові записки Львівського університету бізнесу та права. Серія економічна. Серія юридична. Випуск 33/2022. С. 282-289. http://dx.doi.org/10.5281/zenodo.7889795

Деменко К. Е. Щодо поняття «валютна політика держави» як фінансово-правової категорії. Академічні візії. 2022. Вип. 13. URL: https://academy-vision.org/index.php/av/article/view/351

Деменко К. Е. Організаційно-правові засади реалізації валютної політики держави: поняття та характеристика. Наукові записки Львівського університету бізнесу та права. Серія економічна. Серія юридична. Випуск 35. 2022. С. 256-263. https://nzlubp.org.ua/index.php/journal/article/view/777

Деменко, К. Е. Обмеження та заборони у валютній сфері за українським законодавством воєнного часу. Наукові записки Львівського університету бізнесу та права. Серія економічна. Серія юридична. 2023. Вип. 37. С. 309-313. URL: https://nzlubp.org.ua/index.php/journal/article/view/783

Demenko K. E. Ukraine Foreign Exchange Policy Implementation: Principles оf Building State Bodies System іn Sphere Regulating Currency Relations. Global Prosperity. № 3(2). 2023. 19–27. Retrieved from https://gprosperity.org/index.php/journal/article/view/103

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